Daily Archives: October 24, 2016

The Civil Development Agency and the Ministry of Agriculture of Georgia examined issues affecting the productivity of Georgia’s rural development. With the assistance from the European Union and United Nations Development Programme, the consultations targeted the social and economic affairs. The meeting conjoined a variety of participants ranging from government officials, …

Wine Academy of Poland will teach Georgian viticulture and winemaking history as part of memorandum that was signed by National Wine Agency of Ministry of Agriculture of Georgia and Galicja Vitis, Viticulture-Winemaking Development Foundation of Poland. The memorandum calls for promoting popularization of Georgian wines in Poland through various marketing …

Though Georgia’s official attitude to the figure of Joseph Stalin (who was Georgian) remains strictly negative, public opinions are mixed. This is why images of Stalin are sometimes used commercially, for example by wine producers. This new wine label design has been recently posted by Packaging of the World and …

Azerbaijan’s President Ilham Aliyev has signed a decree on application of the “Law on Amending Tax Code of Azerbaijan” adopted by the country’s parliament September 30. The amendments stipulate removing the value added tax (VAT) for the goods transshipment services directly related to transit cargo transportation. The VAT rate in Azerbaijan …

Electricity export from Azerbaijan via the Azerbaijan-Georgia-Turkey energy bridge may reach 700 million megawatts, said Azerbaijani Energy Minister Natig Aliyev in his article published by the official press Oct. 20. “The work on the creation of the Azerbaijan-Georgia-Turkey energy bridge is continuing,” noted Natig Aliyev. “The project will allow integrating …

On October 24, Niels Scott, Head of UNDP in Georgia, and Tengiz Shargelishvili, Deputy Minister of Regional Development and Infrastructure of Georgia held a two-day conference in Tbilisi. The assembly suggested more than 30 civil society initiatives aiding the regional and local developments. The United Nations Development Programme (UNDP) with the …

There will be one more internal airport added in Georgia: Ambrolauri Airport is already constructed and it can receive L 410 (19 places) type airplanes. The duration of flight will be from 45 to 60 minutes. The flights to Ambrolauri will be subsidized by state. Subsidize policy will be the …

We need to pay attention to a network generated by brokers because they effect borrowers and lenders negatively. Problematic loans are one of the contentious issues through the Georgian financial sector. A large share of borrowers is unable to repay their loans on time, thus facing negative consequences. Amidst the …

The Ministry of Environment and Natural Resources Protection organized a meeting concerning the issue of decreasing of air pollution which is explored by special commission. The deputy of the minister, Teimuraz Murgulaia made a speech in front of the audience. The commission has been initiated by the Ministry of Environment …

Tbilisi City Court has justified Competition Agency, for the second time, against an oil company. Tbilisi City Court Board of Administrative Affairs has not satisfied an appeal by LLC Lukoil Georgia against LEPL Competition Agency. The court has confirmed decree N81 issued by Competition Agency director on July 14, 2015 …

The International Finance Magazine (IFM) has granted award to Bank of Georgia for best management of asset and wealth. This award was transmitted to Bank of Georgia for the second time, as the best provider of this service in Georgia. This award recognizes achievements in providing special services to consumers …

On 3-4 November 2016, the European Bank for Reconstruction and Development welcomes you to meet consulting experts in Tbilisi, Georgia. The European Union presents the EU4Business Initiative supporting the development, growth, and networking of professional consultants. Interact with numerous professionals searching to collaborate with local partners and businesses. Equally, the event …